Tanalys

SILVER (Spot) intraday: key ST resistance at 24.35

Pivot: 24.35

Our preference: SHORT positions below 24.35 with targets @ 22.36 21.7.

Alternative scenario: The upside breakout of 24.35 will open the way to 24.85 25.85.

Comment: the RSI is below its neutrality area at 50%

Trend: ST Ltd downside; MT Bearish

Key levels Comment

25.85** Intraday resistance

24.85** Fib retracement (61.8%)

24.35** Intraday pivot point

22.787 Last

22.36** Fib projection

21.7** Fib projection

20.25** Fib projection

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